FEDTX vs. FKEMX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Fidelity Emerging Markets K (FKEMX).
FEDTX is managed by Fidelity. It was launched on Nov 1, 2011. FKEMX is managed by Fidelity. It was launched on May 9, 2008.
Performance
FEDTX vs. FKEMX - Performance Comparison
Loading graphics...
FEDTX vs. FKEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 5.98% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
FKEMX Fidelity Emerging Markets K | 0.98% | 31.18% | 7.26% | 15.36% | -27.42% | 1.40% | 32.68% | 33.86% | -17.92% | 46.97% |
Returns By Period
In the year-to-date period, FEDTX achieves a 5.98% return, which is significantly higher than FKEMX's 0.98% return. Over the past 10 years, FEDTX has underperformed FKEMX with an annualized return of 9.17%, while FKEMX has yielded a comparatively higher 10.08% annualized return.
FEDTX
- 1D
- 1.92%
- 1M
- -6.09%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 36.08%
- 3Y*
- 15.07%
- 5Y*
- 7.26%
- 10Y*
- 9.17%
FKEMX
- 1D
- 3.49%
- 1M
- -7.62%
- YTD
- 0.98%
- 6M
- 4.40%
- 1Y
- 33.13%
- 3Y*
- 14.76%
- 5Y*
- 3.11%
- 10Y*
- 10.08%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FEDTX vs. FKEMX - Expense Ratio Comparison
FEDTX has a 1.76% expense ratio, which is higher than FKEMX's 0.77% expense ratio.
Return for Risk
FEDTX vs. FKEMX — Risk / Return Rank
FEDTX
FKEMX
FEDTX vs. FKEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) and Fidelity Emerging Markets K (FKEMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FEDTX | FKEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 1.75 | +0.84 |
Sortino ratioReturn per unit of downside risk | 3.22 | 2.36 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.34 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.62 | 2.36 | +1.26 |
Martin ratioReturn relative to average drawdown | 13.98 | 8.85 | +5.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FEDTX | FKEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 1.75 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.17 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.55 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.18 | +0.31 |
Correlation
The correlation between FEDTX and FKEMX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FEDTX vs. FKEMX - Dividend Comparison
FEDTX's dividend yield for the trailing twelve months is around 4.06%, more than FKEMX's 0.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.06% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
FKEMX Fidelity Emerging Markets K | 0.07% | 0.07% | 0.78% | 1.24% | 0.89% | 6.18% | 1.46% | 1.85% | 1.00% | 0.08% | 0.84% | 0.70% |
Drawdowns
FEDTX vs. FKEMX - Drawdown Comparison
The maximum FEDTX drawdown since its inception was -43.70%, smaller than the maximum FKEMX drawdown of -69.07%. Use the drawdown chart below to compare losses from any high point for FEDTX and FKEMX.
Loading graphics...
Drawdown Indicators
| FEDTX | FKEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.70% | -69.07% | +25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -13.00% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -40.79% | +12.88% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -43.13% | -0.57% |
Current DrawdownCurrent decline from peak | -7.89% | -9.97% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -21.49% | +12.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.47% | -0.89% |
Volatility
FEDTX vs. FKEMX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX) is 6.74%, while Fidelity Emerging Markets K (FKEMX) has a volatility of 9.99%. This indicates that FEDTX experiences smaller price fluctuations and is considered to be less risky than FKEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FEDTX | FKEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 9.99% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 14.56% | -4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 19.60% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 18.56% | -4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 18.46% | -2.81% |